Westlake Corporation
WLK21 yrs growthBasic Materials · Stock · quarterly payer
Forward Yield
2.73%
Annual Dividend
$2.12
Payout Ratio
69%
5-Yr Growth
14.6%
Ex-Date
May 27, 2026
Frequency
Quarterly
Summary
As of July 2026, Westlake Corporation (WLK) yields 2.73% ($2.12 per share annually), with a blended fair-value estimate of $131.92 — +70% upside, so it screens as undervalued. Dividend safety grade: A (83/100). 21 years of dividend growth.
Is WLK a good dividend stock?
YesWestlake Corporation (WLK) pays a quarterly dividend yielding 2.73% ($2.12/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 21 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 14.6% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.73%
- Payout Ratio
- 69%
- Annual Dividend
- $2.12
- 5-Yr Avg Growth
- 14.6%
- Ex-Dividend Date
- May 27, 2026
- Years of Growth
- 21
- Frequency
- quarterly
- Beta
- 0.62
- Market Cap
- $9.9B
- P/E Ratio
- —
- 5-Yr Total Return
- -11%
- 52-Week Range
- $56.33 – $124.23
- Dividend Safety
- A · 83/100
- Ever Cut?
- No
Frequently Asked Questions
WLK Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
-41%
5 Years
-11%
52-Week Range
$56.33 – $124.23
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WLK worth?
Undervaluedlow confidenceOur blended fair-value estimate for Westlake Corporation is $131.92 per share, versus a market price of $77.63. That implies 70% of upside — a margin of safety of about 41%.
Fair Value
$131.92
Current Price
$77.63
Upside
+70%
Margin of Safety
41%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 3.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.4% discount rate (CAPM), 3.2% stage-1 growth, 2.5% terminal growth, -$12.70 EPS, $2.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WLK Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 27, 2026 | — | $0.5300 | regular |
| Mar 3, 2026 | — | $0.5300 | regular |
| Nov 25, 2025 | — | $0.5300 | regular |
| Aug 19, 2025 | — | $0.5300 | regular |
| May 20, 2025 | — | $0.5250 | regular |
| Mar 4, 2025 | — | $0.5250 | regular |
| Nov 26, 2024 | — | $0.5250 | regular |
| Aug 20, 2024 | — | $0.5250 | regular |
| May 20, 2024 | — | $0.5000 | regular |
| Feb 27, 2024 | — | $0.5000 | regular |
| Nov 20, 2023 | — | $0.5000 | regular |
| Aug 24, 2023 | — | $0.5000 | regular |
| May 22, 2023 | — | $0.3570 | regular |
| Feb 28, 2023 | — | $0.3570 | regular |
Income Calculator
At $2.12 / yr per share
